Extended GST Due Dates during COVID19 Lock-down

The spread of Corona Virus (COVID-19) across many countries of the world, including India, impacted the Trade and Industry. In view of the emergent situation and challenges faced by taxpayers in meeting the compliance requirements, Government has extended GST Filings due dates.

The following are the due dates extended by the Government.

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Complete Tax Compliance Solutions from EZTax.in

1. Regular Taxpayers: Due Dates for GSTR 3B

a. Taxpayers having aggregate turnover of up to Rs. 1.5 crores in preceding FY

MonthDue DateLate FeesInterest
Feb, 202030/06/2020NilNil
March, 202003/07/2020NilNil
April, 202006/07/2020NilNil
May,202012th /14th July,2020
(Group 1 / Group 2
states)
NilNil

b. Taxpayers having aggregate turnover of > Rs. 1.5 crores and up to Rs. 5 crores in preceding FY

MonthDue DateLate FeesInterest
Feb, 202029/06/2020NilNil
March, 202029/06/2020NilNil
April, 202030/06/2020NilNil
May,202012th /14th July
(Group 1/
Group 2 states)
NilNil

c. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY

MonthDue DateLate FeesInterest
Feb, 202024/06/2020NilUp to     04/04/2020-Nil

From 05/04/2020- 9% p.a
March, 202024/06/2020NilUp to 05/05/2020-Nil

From 06/05/2020- 9% p.a
April, 202024/06/2020NilUp to   04/06/2020-Nil

From 05/06/2020- 9% p.a
May, 202027/06/2020NilNil

2. Regular Taxpayers: Due Dates for Filing GSTR 1

MonthDue DateLate FeesInterest
March, 202030/06/2020NilNil
April, 202030/06/2020NilNil
May,202030/06/2020NilNil
Jan to March 2020
(Quarterly
Tax Payers)
30/06/2020NilNil

3. Composition Tax Payers : Due Dates for Filing CMP 08 and GSTR 4

  • CMP 08 : The due date for filing CMP 08 for Jan to March, 2020  is 07/07/2020
  • GSTR 4: The due date for filing GSTR 4 for FY 2019-20 is 15/07/2020

4. Opt in for Composition Scheme for FY 2020-21

The due date for opting into Composition Scheme for FY 2020-21 is 30/06/2020

5. Validity of E Way Bills

eWay Bills whose expiry date lies between 20/03/2020 to 15/04/2020 would also be deemed to be valid till 30/04/2020

Our Perspective

From EZTax.in perspective, these are unprecedented times and government also caught off-guard and trying to help tax payers as much as they can.

For GST, the relaxation only given for Mar to Jun 2020 only, those who do not complied with the months outside of these months should consider filing and paying their taxes to avoid further increase in interest, penalties.

If you need help, please call EZTax.in @ +91 7288 900 900 or chat with us @ https://eztax.in